“Dani Rodrik, professor at Harvard University, formalized the reasons for the collapse of the Bretton Woods system and why the post-Bretton Woods arrangements were also destined for disaster as the “Political Trilemma of the World Economy.”5 According to Rodrik, one can’t have deep economic integration, nation-states, and local democracy. We can combine any two of the three, but never all three simultaneously, and not in full.”